Music Business Worldwide News

1. Live events platform Fever secures another $100m in funding, reports 20x revenue growth

   Fever was last valued at $1.8 billion in 2023, following funding rounds led by Goldman Sachs

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2. Suno upgrades AI Song Editor, as labels reportedly push for Content ID-style fingerprinting in licensing talks with AI music platforms

   As record companies push for input over what sorts of tools AI music platforms develop, Suno is forging ahead with new capabilities

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3. Julian Palmer joins UMPG UK as Senior Director, A&R and Catalogue

   Palmer joins UMPG after 12 years at Columbia Records.

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4. Primary Wave strikes music rights deal with the Cars

   Deal comes less than a year after Primary Wave struck a 'multi-million-dollar' partnership with the estate of The Cars' Ric Ocasek

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5. Matthew Rogers appointed Chief Commercial Officer at GYRO Group

   Rogers joins GYRO Group following a 14-year tenure as Chief Operating Officer at UNIFIED Music Group

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6. PRS for Music paid out $1.3bn to songwriters, composers and publishers in 2024, up 8.1% YoY

   PRS reported revenue growth of 6.1% YoY to £1.15bn ($1.46 billion) in 2024

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7. Confirmed: Bruno Crolot joins Believe as President, Label & Artist Solutions (LAS)

   Exec was previously Spotify’s Senior Director, Head of International Music

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8. Emerging markets, superfans, and price rises: 7 takeaways from Goldman Sachs’ new ‘Music in the Air’ report

   Goldman Sachs has published the latest edition of its influential Music in the Air report

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9. Music Nation granted permit to operate a CMO in the UAE, as country aims to become creative industry hub

   Development described as “a pivotal moment” for the UAE and Music Nation

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10. Warner Music strikes licensing deal with karaoke startup Singa

    'Together, we’re paving the way for continuous innovation in music,' said WMG's John Rees

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